To receive contributions by means of donations, gifts, and bequests and to expend such funds for the advancement of the literary, scientific, and other educational endeavors of Midwestern State University, a tax exempt institution of higher learning.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$79.9M
+12.1% YoY
Annual Giving
$2.8M
+18.2% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$1.4M
+18.2% YoY
About Midwestern State University Foundation
Based on IRS filings
Midwestern State University Foundation is a nonprofit organization focused on Education, based in WICHITA FALLS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $79.9M in total assets. In 2024, it awarded 2 grants totaling $2.8M. Net investment income was $5.2M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $79,935,439 | $71,288,656 | $64,205,017 |
| Revenue | $6,113,167 | $6,650,686 | $4,712,410 |
| Expenses | $3,593,533 | $2,977,854 | $1,883,229 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $5,192,943 | $2,962,910 | $3,728,325 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Midwestern State University ($1,910,175), Midwestern State University ($915,032).
| Recipient | Purpose | Amount |
|---|---|---|
| Midwestern State University Wichita Falls, TX | Funds to be expended on scholarships as designated in scholarship agreements. | $915,032 |
| Midwestern State University Wichita Falls, TX | Funds to be expended on special projects of the University as designated in the fund agreements. | $1,910,175 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kevin O'Connell | Chairman | 2 | — |
| Anthony Inman | Vice Chairman | 1 | — |
| David Welch | Treasurer | 1 | — |
| Teresa Caves | Secretary | 1 | — |
| Darrell Coleman | Trustee | 1 | — |
| Reno Gustafson | Trustee | 1 | — |
| Mac Cannedy Jr | Trustee | 1 | — |
| Erwin Davenport | Trustee | 1 | — |
| Kay Yeager | Trustee | 1 | — |
| Martha Fain | Trustee | 1 | — |
| Butch Ford | Trustee | 1 | — |
| Brian Hooker | Trustee | 1 | — |
| Tyrone Moore | Trustee | 1 | — |
| Tyler Sales | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Midwestern State University Foundation?
Midwestern State University Foundation is a nonprofit organization focused on Education, based in WICHITA FALLS, TX. It holds $79.9M in total assets as of 2024.
How large is Midwestern State University Foundation?
As of 2024, Midwestern State University Foundation holds $79.9M in total assets with $6.1M in annual revenue. It awarded 2 grants totaling $2.8M in 2024.
Where does Midwestern State University Foundation operate?
Midwestern State University Foundation has awarded grants in Texas.
What size grants does Midwestern State University Foundation award?
In 2024, Midwestern State University Foundation awarded 2 grants totaling $2.8M — an average of about $1.4M per grant, based on its IRS Form 990 filings.
What is Midwestern State University Foundation's EIN?
Midwestern State University Foundation's EIN (Employer Identification Number) is 75-1101337. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Midwestern State University Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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